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Select Most Appropriate Alternative from Those Given Below : - Book Keeping and Accountancy

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Question

Select most appropriate alternative from those given below ____________debentures which are recorded in register of company.

Options

  • Simple debentures

  • Registered debentures

  • Bearer debentures

  • Open debentures

MCQ
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Solution

Registered debentures which are recorded in register of company.
 
Explanation: Those debentures for which the names and addresses of the debenture holders are recorded in a company’s register are known as registered debentures. Such debentures are not transferable by mere delivery.

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Chapter 11: Company Accounts Part - 2 (Accounting for Debentures) - Exercise 3 [Page 372]

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Micheal Vaz Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 11 Company Accounts Part - 2 (Accounting for Debentures)
Exercise 3 | Q 3 | Page 372

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